With the weather being wet, but not as cold, spot power prices in the Eastern United States decreased Nov. 26.
Eight of the 10 Energy Information Administration (EIA) reporting regions were showing price decreases on Nov. 26.
After seeing its spot price skyrocket the day before, New England saw its spot price drop almost 43% to $65.79/MWh. New York City had the highest spot price in the nation at $68.84/MWh, which marked a roughly 14% decline from the prior day. The Mid-Atlantic saw its price drop almost 17% to $42.36.
The National Oceanic and Atmospheric Administration (NOAA) said Nov. 26 that Heavy snow is possible on Tuesday from the Tennessee Valley to western New England, with freezing rain possible across the Appalachians and western Mid-Atlantic into the Northeast. Meanwhile, heavy rainfall is forecast across parts of the Southeast and Mid-Atlantic, with severe thunderstorms possible for parts of Florida and the coastal Southeast.
Elsewhere, NOAA reported “selected wind peak gusts” upwards of 50 miles per hour at certain sites in California, Kansas, Texas and New Mexico.